Stocks rally as rebound continues while crude drops on US/Iran optimism - Newsquawk US Market Wrap
REAR VIEW: A Qatari-Pakistani proposal reportedly revives the path of serious negotiations between Washington and Tehran; Reports suggested Qatar will host Vance and Rezaei next week, but Tasnim later denied it; Mixed 3yr US auction; NY Fed SCE inflation expectations unchanged; Fed's Barkin said there is no base case for the December meeting; Investigation involving NVDA CEO Huang following reports of his admitted affair with an alleged Chinese spy; GOOG rolls out two new versions of TPU systems.
U.S. shares have swung between declines and gains from Nov. 6 through Nov. 12, with technology stocks a recurring focus. Xinhua reported a rebound on Nov. 12, while Baton Rouge Post and easternriverinachronicle.com.au said U.S. markets ended higher on Wednesday, led by technology shares. Nigeria Sun reported that the Dow gained 1,104 points and the Nasdaq rose 2.74% on Monday; reports have not established one consistent cause for the moves, though Xinhua linked the latest rally to CoreWeave and Nigeria Sun described a broader market rise.
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